OUTFRONT Media (NYSE:OUT) Posts Earnings Results, Misses Expectations By $0.20 EPS

OUTFRONT Media (NYSE:OUT) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20), Briefing.com reports. The business had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS.

OUTFRONT Media Stock Performance

NYSE OUT opened at $18.70 on Thursday. The stock has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $16.10. The firm has a market capitalization of $3.10 billion, a P/E ratio of 13.65, a PEG ratio of 1.20 and a beta of 1.94. OUTFRONT Media has a fifty-two week low of $11.59 and a fifty-two week high of $19.33. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.67 and a current ratio of 0.65.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is currently 87.59%.

Analyst Ratings Changes

A number of analysts have recently weighed in on OUT shares. JPMorgan Chase & Co. raised their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price objective for the company. StockNews.com cut OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Barrington Research reaffirmed an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday. Finally, Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.25.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.